Corn market should consolidate retracted week in Brazil
Maize (Corn)
Brazil
Published Mar 11, 2023
Original content
Consumers and producers, throughout the week, traded little during the period. On the international scene, the Chicago Commodity Exchange operates with mixed quotations. The dollar has a significant rise against the real, a factor that can move export-oriented trading during the day. The Brazilian corn market remained dragged and with stable prices this Thursday. There was little change in the attitude of the agents. According to SAFRAS Consultoria, consumers are not very concerned about stocks in several states and are not interested in current prices, with the exception of São Paulo, where consultations are more frequent. On the other hand, producers remain retracted in the setting of supply and do not yield in relation to prices this Thursday. Freight rates are on the rise in the country, a point of attention. Soybean harvesting and logistics should move forward over the next few weeks, factors that may stress the corn situation, highlights SAFRAS. In the Port of Santos, the ...
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